National Republican., 1887-10-14
ACTIVE AND FEvERIsH.
The Fluctuations in Stocks Irregular
But the Close strong.

But the Close Strong.
New YORK, Oct. la.--The stock market
to-day was very active, feverish, and irreg-
ular, but most Of the time firm to strong.
The bears xl ected to have things all their
own way, but good buying appeared early
In the market and Reading became the spe-
cially firm stock and was very hard to bor-
row, which had o stimulating effect upon
the general list. The bears resisted the im-
proyement with vigor, the result being a
feverish and irregular market, with au up
ward tendency. The efforts TO depress
prices were concentrated especially upon
the graDge,s, and St. Paul In particular,
which WAC forced down points.
Stories OF reduction 10 the Chicago,
Burlington, and Quincy dividend, aud big
cuts In freight rates, supplemented by free
selling Of those stocks were made 'he ut
most use Of. The strength in foreign ex
change was also factor on the bear side,
indicating free selling Of stocks In this
market by the foreigners There was un.
doubtedly some covering during the day
which aided materially 10 bring about the
frequent rallies, and toward delivery hour
the purchasing OF Reading assumed large
proportions ard the upward movement be
came still more decided. The clique sup.
port was very apparent, and the feeling OF
depression entirely disappeared, though
the temper OF the room was not specially
bullish
The opening was active and generally
weak, but Union Pacific went up per cent
The list was quite weak in the early dealings
after few small advances, with Union
Pacific and Louisville and ashvillespecially
weak. An Improvement WAS noticeable to-
ward IL o'clock, but the grangers then bs-
came the leaders In weakness. A stronger
tone was developed after noon, while the
amount OF business done showed a market
decrease. In the last hour, however, q
more decidedly strong tone Was shown,
and everything advanced to the best prices
reached. The close was strong at the high
est figures Of the day.
Money on call has been easy, rangiDg
from to 3, last loan at and closing
offered at 4. Sterling exchange is active
and strong. Actual business at 4Sl to 4Sl !
for 60-day bills, and ASH to 1851 for de.
mand. Posted rates, 4S2 TO 1851. Gov
for the 4s. State bonds have been dull anu
steady.
Treasury balances - Coin. S132, ,33s, ,GiG;
currency, $12,36l,s36.
The following were the closing bid quota
tons
nil,, as, i253G; ~ &C. COUP los; Pac. es Of 's', ~
La. Cons. SIS; Mo. 6s OF 's7, lol; N. g. Con;
Go, 12lh: do. As, 95; Tenn. settlement Gs, 100.
do. IS, 100, Va. IS, Is: do. consols. X n.
Q, 60: Tenn. settlement 3s, 20; Cen. pac.
frsts, ia; Denv. and X. q. flrsts, 20; NJ. X.
and T., Sh:.- Northern Pac. flrsts III; do.
Seconds, 81: Northwestern cous., 1875; do.
debenture, 1929; st. l.. and San Fran, 1i3: 81
Paul con-, l25; st. l., Chicago, and Pac ptl
III; Southern pac. trsts, 1851; 4. I. X. q. & z.
G2,: Northern Pacific ls,, ,llil5; West Shore os55s
81; do. pid., 20; Am; Express, lo6; Bos. All
Southern, 525S; Canton, 55*: Cen. Pac., 3OH
Ches. and Ohio. 4; Chicago and Alton, 1i6
do. pfd., $50; 9. B. and O., l271S; Cleve,
land and Col, 49,. Con. Coal, 25; del. and
Hud. qsl{; Del. & Lack 1875: Den. & r, g..
2l1S Erie, ?6l do. pfd., 6lla Fort Wayne, li0lS
Harlem, lG0; Hous & Tex, 20; III. Cent ll5
Kansas & Texas, 2l24;. l.. L; 4 W., 1i}s
Lake Shore, 9lh; Lyl; and Nash. 56A
NJ. & L., i4i%; Mich. Cen, 49, Mo. Pac.
gl1s: Mob. and o., 1919; Mar and E., 1857
n. Chat, 20: n. J. Cen, T3A Norfolk aud
Western pid, 361S; Northern PaC., 2lN: do pid.
4514;, Northwestern, 1oSA do: pid., l39; N
=, Cen; loil32; Chicago and 81 l.. l54; do
oregon Nay, ,s8; Pae. Mali, S5h; Puts
Aleg., 8; Richmond and Dan. l5O Rocl
Ispd, 1885, St. L. and San. Fran, 33ll do. pfd.
6sla; do. iiIst pfd., ll8; St. Paul, 7is3 do pid
ll3; St ?. and o., 3g1l; do. pfd., i63; Texa
Pac., 2S2E; Union Pac,, 4G y. $. Y. bS; Wab
Pac., 155S; do. pfd., IS; Wells Fargo, l25
West. Union, 76; Tenn. Coal aud Iron, 23h
Cotton OIL Trust, 255s; Quicksilver. o; do
pfd. "a.
*Asked.